Top Asset and Wealth Management Trends According to Zephyr

Clients are requiring more personalized service and improved engagement. As a more diverse group of investors enter the market, it is vital to take into account individual traits and biases which influence investment decisions.

Advisors are time-starved, leveraging technology to streamline processes such as performance reporting, analytics and proposal generation give time for more frequent client engagement.

The Mass Affluent market is growing rapidly and estimated to reach $10-$25 trillion and has maximum growth potential. Currently only 5-10% of wealth advisor's AUM lies with the Mass Affluent.

Risk & Compliance issues are being driven by changes in Regulation including:

•Regulation Best Interest (RegBI)

•Fiduciary Rules

•Information Sharing & Security

AI is reshaping wealth management in longevity planning, shortfall optimization, mining data on clients and improving overall operational efficiency for both advisors and clients.

Advisors and Clients are looking to include alternative investments more and more into their clients' portfolios to diversify in order to reduce risk and increase returns.

An estimated $84 trillion will be passed down from baby-boomers to younger generations within the coming years, reshaping and increasing the capital of younger investors who have unique investment interests.

Volatility in the financial market is nothing new, but 2024 brings increased geopolitical tensions, rate cuts and lingering COVID-19 effects.

AI is reshaping traditional practices into data-driven strategies that optimize portfolio decision-making but enhance customer experiences.

Financial managers need to create tailored approaches, accounting for individual risk tolerance and objectives, empower clients to achieve financial success and adapt swiftly to market changes.

Wealth management is rapidly evolving with advancements in technology and the ability to stand out as an investment professional is becoming increasingly vital. The ability to deliver clients a highly customized experience can help differentiate themselves from fierce and everchanging competition throughout financial markets.

High net worth, private wealth management is an industry fast growing with the emergence of the great wealth transfer. Portfolio managers have a duty to expand upon their services, further creating a more customized approach to client service. Wealth managers with a high amount of Assets Under Management (AUM) can create more effective portfolio management utilizing Zephyr to better position their firms to compete with top wealth management firms.

Psychology plays an important role in making investment decisions through emotions, biases and even through the limitations of the cognitive mind. Assess key factors which play into the psychology of wealth management and client retention.

As the industry transitions to cloud-based systems, user experience becomes a top priority. Zephyr, a cutting-edge web-based wealth management software that is revolutionizing the industry and empowering professionals to deliver superior client experiences. Zephyr recognizes the importance of delivering a seamless interface for both wealth managers and clients.

As the Great Wealth Transfer unfolds, wealth managers and asset managers have a unique opportunity to guide Gen Z and Millennial investors in aligning their investment strategies with their values and preferences.

With real estate investments being more accessible than ever before, it’s time for you to consider incorporating real estate investment trusts into your client portfolios. Let’s take an in-depth look at REITs: types of REITs, benefits, risks and more.

In 2007, Buffett again reiterated “moats” in Berkshire Hathaway’s annual letter to shareholders, “A truly great business must have an enduring ‘moat’ that protects excellent Returns on Invested Capital.”

While Mutual funds and ETFs continue to grow in market share, SMAs are gaining in popularity due to their unique benefits and changing trends within the wealth management space which can enhance the client experience.